5520 3RD ST SE Lakeland, FL 33812
4 Beds
4 Baths
1,800 SqFt
UPDATED:
02/13/2025 07:05 AM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $365
Subdivision Haskell
MLS Listing ID TB8344133
Bedrooms 4
HOA Y/N No
Originating Board Stellar MLS
Year Built 2005
Annual Tax Amount $3,730
Lot Size 1.310 Acres
Acres 1.31
Property Sub-Type Multi-Family
Property Description
Key Features:(1) 8 total spaces include 2 rent-to-own homes—will be fully tenant-owned by 2026—and 5 tenant-owned homes with lot rent only) 1 vacant space with significant potential (2) Well-run park with strong tenant retention and consistent revenue streams. (3) Tenants are separately metered for water and electric City water with several septic tanks.
Financials:*2024 Gross Revenue: $52,513 *Estimated Expenses: $12,776 *Potential for an additional $10,000+ in revenue by increasing lot rents and implementing trash charge-backs *Filling the vacant space could bring an additional $14,400-$16,800 annually.
Investor Opportunity: Easily increase your cap rate with minimal effort. This property is ready for immediate returns with plenty of room for growth. Don't miss out on this exceptional opportunity to secure a solid, income-generating asset in a rapidly growing market!
Location
State FL
County Polk
Community Haskell
Zoning R-4
Direction SE
Interior
Interior Features Built-in Features, Living Room/Dining Room Combo, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
Heating Central
Cooling Central Air
Flooring Laminate, Vinyl
Fireplace false
Laundry Electric Dryer Hookup, Inside, Washer Hookup
Exterior
Exterior Feature Lighting
Utilities Available Electricity Connected, Street Lights, Water Connected
Roof Type Other
Garage false
Private Pool No
Building
Foundation Pillar/Post/Pier
Lot Size Range 1 to less than 2
Sewer Septic Tank
Water Public
Structure Type Metal Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8344133
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